Canterbury P Ord Stock Price, News & Analysis

Canterbury Park Holding Corporation (NASDAQ: CPHC) reported record financial results for Q3 and YTD 2022, highlighting a 4.4% increase in net revenues to $22.3 million for Q3 and a 15.6% increase for the nine-month period to $53.7 million. Net income rose 5.9% year-over-year in Q3 to $2.9 million, while diluted EPS grew 3.5% to $0.60. Adjusted EBITDA reached $5.3 million for Q3, reflecting increased operational efficiency. The company sustained strong margins amid inflationary pressures, with $19 million of unrestricted cash as of September 30, 2022.

Canterbury Park Holding Corporation (NASDAQ: CPHC) has appointed Peter Ahn and Damon Schramm to its Board of Directors, effective October 5, 2022, expanding the Board to seven members. Ahn, a seasoned CFO and investment banker, brings significant governance experience from various sectors, while Schramm adds expertise in gaming law and corporate transactions. This strategic enhancement aims to leverage their backgrounds to support Canterbury Park's growth in the gaming and entertainment sectors, aiming to unlock shareholder value through potential development projects.

Canterbury Park Holding Corporation (NASDAQ: CPHC) announced a quarterly cash dividend of $0.07 per share, set to be paid on October 14, 2022, to shareholders of record by September 30, 2022. This dividend represents an annual rate of $0.28 per share. The company operates Canterbury Park Racetrack and Card Casino in Shakopee, Minnesota, offering live racing and year-round wagering. Additionally, Canterbury is exploring development opportunities on approximately 140 acres of underutilized land adjacent to the racetrack to enhance shareholder value.

Canterbury Park Holding Corporation (NASDAQ: CPHC) announced significant developments following unanimous approvals from the Shakopee City Council for a new amphitheater and the Minnesota Racing Commission for racetrack improvements. A 19,000-seat amphitheater will be constructed, enhancing the area's entertainment offerings, with construction expected to start in Spring 2023 and completion by May 2024. Additionally, the company plans multi-million-dollar upgrades to its racetrack facilities, aiming to boost economic activity and improve horse racing quality through renovations and new constructions.

Canterbury Park Holding Corporation (NASDAQ: CPHC) announced its Q2 2022 financial results, showcasing a 12.0% increase in net revenues to $17.8 million from $15.9 million year-over-year. The net income decreased by 6.1% to $1.8 million, while Adjusted EBITDA rose by 1.4% to a record $3.6 million. For the first half of 2022, revenues surged 25.2% to $31.4 million. The company noted strong performance in its Card Casino and live racing operations, but faced challenges from lower table game revenues.

Canterbury Park Holding Corporation (CPHC) announced a quarterly cash dividend of $0.07 per share, set to be paid on July 14, 2022, to shareholders of record by June 30, 2022. This dividend results in an annual rate of $0.28 per common share. The company operates Canterbury Park Racetrack and Casino in Minnesota, offering live racing and 24/7 card games. Additionally, Canterbury is exploring development opportunities on approximately 140 acres of underutilized land around the racetrack to enhance shareholder value.

Canterbury Park Holding Corporation (CPHC) reported record financial results for Q1 2022, with net revenues increasing 48% to $13.6 million and net income rising 222% to $1.8 million. Adjusted EBITDA also grew 149% to $3.5 million, highlighting strong operational recovery post-COVID-19. Key growth drivers included increased visitation in the Card Casino, and successful events. Management remains focused on cost management amidst rising expenses and is optimistic about maintaining higher margins. Additionally, ongoing developments in Canterbury Commons aim to enhance shareholder value.

Canterbury Park Holding Corporation (NASDAQ: CPHC) reported record financial results for Q4 and the full year ended December 31, 2021. Q4 net revenues surged 128% to $14.0 million, with adjusted EBITDA of $3.4 million, compared to a loss a year prior. Full-year net income reached $11.8 million, a dramatic rise from $1.1 million in 2020. The company benefitted from a $6.3 million Employee Retention Credit and a strong recovery in business operations. Strong performance in 2021 led to the reinstatement of a quarterly dividend and plans for continued investment in growth projects.

Canterbury Park Holding Corporation (NASDAQ: CPHC) announced a quarterly cash dividend of $0.07 per share, payable on April 14, 2022, to stockholders of record on March 31, 2022. This results in an annual dividend of $0.28 per share. The Company, which operates a racetrack and casino in Minnesota, is also pursuing plans to develop approximately 140 acres of underutilized land around the facility, aiming to enhance shareholder value through potential mixed-use projects.